Economics, Econometrics and Finance
7 years ago

New Zealand Ditches Emissions Trading for Carbon Tax, Tackling Climate Change Head-On

SSRN Electronic Journal
Emissions Trading Schemes and Carbon Taxes: Reinvestigating the Policy Tools New Zealand Uses to Address Climate Change
James H. Churchill

Paper Summary

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The article discusses whether New Zealand should switch from its current Emissions Trading Scheme to a carbon tax to reduce greenhouse gas emissions. It weighs the challenges of implementing a carbon tax against its benefits, such as lower costs and revenue generation. The paper concludes that the benefits of a carbon tax outweigh the difficulties, making it a better option for addressing climate change in New Zealand.